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Arabian Shield signs new health insurance deal

Arabian Shield signs new health insurance deal
Arabian Shield signs new health insurance deal
ARABIAN SHIELD
8070
-1.96% 17.98 -0.36

Riyadh – Mubasher: Arabian Shield Cooperative Insurance Co. on Tuesday announced signing a health insurance contract with Nesma and Partners Contracting Co. Ltd.

Amounting to SAR 59 million ($15.73 million), the one-year contract came into effect on Monday, the insurance firm said in a statement to the Saudi Stock Exchange (Tadawul).

Under the deal, Arabian Shield will provide health insurance services to Nesma and Partners’ employees.

The financial impact of the deal will take place starting the fourth quarter of 2018, the Saudi insurance firm concluded.